Global Rockwool Market Overview:
Rockwool refers to an inorganic insulator that is made from stones or rocks by means of blowing a jet of the stream through melted rock. It is also known as stone wool or mineral wool. Rockwool has an application as a soilless growing medium for plants that comes in a variety of shapes and sizes to accommodate different types of gardens, such as Rockwool slabs, Rockwool cubes, and loose Rockwool chunks. It has other applications like thermal insulation, filtration, hydroponic growth medium, and soundproofing. The primary use of Rockwool is in houses and buildings for insulation. It typically contains up to 75% recycled content. Some of the players profiled in the study are Rockwool (Denmark), Saint-Gobain (France), Polybond (India), Owens Corning (United States), Knauf Insulation (Netherlands), Industrial Insulation Group, LLC. (United States), CertainTeed Corp. (United States), Guardian Fiberglass, Inc. (United States), Johns Manville (United States) and Roxul Inc. (Canada).
On the basis of geography, the market of Rockwool has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Rockwool market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Need of Heat Insulation in Residential Areas
- The demand for Rockwool For Acoustic Insulation
- Consumption of Rockwool Due to Its Superior Insulation Than Fibreglass
- Introduction of Rockwool For Passive Fire Protection
- High Cost Associated with Rockwool
- Emerging Demand of Rockwool In Engine Manufacturing for Heat and Sound Insulation
- Increasing Construction Industry Will Boost the Demand of Rockwool
- Rockwool Is Heavier Than Its Alternative Fibreglass
- Lack of Flexibility of Size in The Market for Rockwool
Key Market Developments:
On 6th Feb 2020, Rockwool announced that that it has acquired Paroc’s acoustic ceilings business, which operates under the sub-brand of Parafon. Paroc is a subsidiary of Owens Corning. Parafon, like Rockfon, makes stone wool-based acoustic wall and ceiling solutions. The company's approximately 60 employees are based in Sweden and Finland, where it is renowned for its high quality and powerful name. The regional business orientation of Rockfon and Parafon, according to Rockwool, is strongly complementary, resulting in even more ways to serve a wide variety of consumers and segments.
In April 2017, Owens Corning announced a strategy to launch the formaldehyde-free mineral wool insulation in Orlando which is supposed to be better than the existing line-up at the American Institute of Architects Conference on Architecture. According to the company, “Remaining true to the brand's reputation as an industry leader, the introduction of formaldehyde-free Thermafiber mineral wool insulation, along with our investment in a state-of-the-art manufacturing facility in Joplin, Missouri, strengthens our impressive portfolio of product solutions and our contribution to the industry,” according to the group.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Rockwool Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Rockwool market on the basis of product [AES, ASW, PCW and Kaowool] , application [Lofts, Diameter Pipe, Internal and External Walls, Flat Roofs, Boilers and Turbines and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Rockwool market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Rockwool industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Rockwool market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.